Kecy Metal Technologies

4111 Munson Highway, Hudson, MI 49247

$6,418,841

Cap Rate 7.25%

Views: 147 DOM: 353 Updated: 10.30.24 Posted: 11.13.23 Status: Active

Summary

Price $6,418,841	Built/Renov 1988	Tenant Kecy Metal Technologies
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 84,612	Lease Start 11-01-2024	#Units 2
Price/SF $75.86	Expiration 10-31-2039	Tenant Type Industrial
NOI $465,366	R. Term 15.0	Ownership Fee Simple
Rent/SF $5.50	Increases 2.0%/1/yrs	Pop 5Mi 4,887
Lot/AC 9.98	Options 4/5yrs/2%	AHHI 5Mi $63,886

Lease Highlights

Kecy Metal Technologies has been operating in this location for 34+ years
The tenant will be signing a new 15-year lease with 4 (5-year) options to extend upon close of escrow
The lease features rental increases of 2% annually
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This 84,612 square feet manufacturing facility is situated on 9.98 acres, along Munson Rd., just one and a half miles from U.S. Route 127, a major north-south interstate highway that runs from Grayling, Michigan to Chattanooga, TN and is just 12 miles from the Ohio border. It is positioned within the Hudson Industrial Park, which is home to several manufacturers, including the city’s largest...

...

Key Features

In location for years
Highway location
Long operation history
Long 15+ yr lease
Strong sales history
Absolute NNN
Corporate Guarantee

...

Links

Wikipedia Hudson, MI Zip Code 49247 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kecy Metal Technologies
Guarantor:Corporate
Company:Quadrant Management, Inc.
# Units:2
Stock:Private

About Tenant

Kecy Metal Technologies (formerly Kecy Corporation) is a leading precision metal stamping company. They specialize in advanced manufacturing, robotics, automation, and die-making equipment....

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	948	3,721	5,459
2023 Total Population :	929	3,645	5,387
2023 Employed Civilian Pop :	409	1,527	2,283
2023 Total Businesses :	43	189	215
2023 Average Household Income :	$ 67,460	$ 67,750	$ 72,117
2023 Total Consumer Spending :	$ 20 M	$ 87 M	$ 137 M
2023 Median Age :	42	41	43
2023 Total Households :	343	1,469	2,169
2023 Pop Age 25+: Bachelor's Degree :	53	213	385
2023 Average Home Value :	$ 212,846	$ 202,322	$ 219,707

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Carleton Road		2019	4,215	0.25 mi
West Carleton Road	E Main St	2022	3,660	0.31 mi
E Main St	Mc Kenzie	2015	5,500	0.42 mi
East Main Street	Spring St	2022	5,005	0.60 mi
M-34 MAIN	Spring St	2020	4,320	0.60 mi
BETWEEN M-34 AND CADMUS (IN HUDSON)	Sunrise Dr	2021	2,789	0.75 mi
	Sunrise Dr	2022	2,714	0.75 mi
MUNSON HWY	Sunrise Dr	2020	2,523	0.75 mi
West Main Street		2019	5,662	1.11 mi
West Main Street	West St	2022	5,607	1.11 mi

Listing Broker

Robert Bender

Fortis Net Lease

Contact

56 Listings
6665 Views
5 Sold

Doug Passon

Fortis Net Lease

Contact

72 Listings
8246 Views
12 Sold

Robert Bender

One of the first things I learned in my professional career, which is arguably one of the most important life lessons of all, is to do what you say you are going to do. If you follow through with the commitments you make to your family, friends and clients then success with all is virtually guaranteed. Today, as the oldest of four brothers, the father of four wonderful children and as one of the founders of Fortis Net Lease, this very simple life lesson guides everything I do. Having earned

...

Doug Passon

Doug serves as Managing Partner and co-founder of Fortis Net Lease. His passion for the commercial real sector started in college while attending the University of Michigan and upon graduation, Doug started his career at a nationally-recognized, publicly traded real estate investment firm. When first starting out, he solely focused on building local relationships with merchant developers and quickly became one of the top agents in the firm’s Detroit office. After building long-standing relation

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT